Cargill today applauds U.S. and South Korean negotiators on finalization of a free trade agreement (FTA) between the two countries.

U.S. President Obama announced this evening that outstanding issues related to the FTA between the United States and South Korea (KORUS FTA) had been resolved, clearing the path for the United States to move forward on Congressional consideration of the agreement.

Cargill views the KORUS FTA as a vital step in promoting economic growth and greater commercial ties between the two nations.

“We applaud the U.S. and Korean negotiators for concluding this important free trade agreement,” said Greg Page, Cargill chairman and chief executive officer. “We are hopeful that Congress will act expeditiously to pass this agreement.”

Cargill believes trade serves as a catalyst for social and economic growth globally—helping create jobs, support local economies, and advance food security, contributing to a more nourished global population.